Hans Erik Vestberg - Mar 1, 2025 Form 4 Insider Report for VERIZON COMMUNICATIONS INC (VZ)

Role
Chairman and CEO, Director
Signature
Evgeniya Berezkina, Attorney-in-fact for Hans Erik Vestberg
Stock symbol
VZ
Transactions as of
Mar 1, 2025
Transactions value $
-$3,651,173
Form type
4
Date filed
3/4/2025, 04:16 PM
Previous filing
Feb 28, 2025
Next filing
Mar 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VZ Common Stock Options Exercise +43.9K +30.02% 190K Mar 1, 2025 Direct F1
transaction VZ Common Stock Tax liability -$1.05M -24.3K -12.78% $43.10 166K Mar 1, 2025 Direct
transaction VZ Common Stock Options Exercise +57.8K +34.88% 224K Mar 1, 2025 Direct F1
transaction VZ Common Stock Tax liability -$1.38M -32K -14.31% $43.10 192K Mar 1, 2025 Direct
transaction VZ Common Stock Options Exercise +51.4K +26.81% 243K Mar 1, 2025 Direct F1
transaction VZ Common Stock Tax liability -$1.23M -28.4K -11.7% $43.10 215K Mar 1, 2025 Direct
holding VZ Common Stock 350K Mar 1, 2025 By grantor retained annuity trusts

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VZ Restricted Stock Units - 2022 Award Options Exercise -43.9K -100% 0 Mar 1, 2025 Common Stock 43.9K Direct F1, F2
transaction VZ Restricted Stock Units - 2023 Award Options Exercise -57.8K -50% 57.8K Mar 1, 2025 Common Stock 57.8K Direct F1, F3
transaction VZ Restricted Stock Units - 2024 Award Options Exercise -51.4K -33.33% 103K Mar 1, 2025 Common Stock 51.4K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests.
F2 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2023.
F3 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2024.
F4 Subject to the terms of the RSU Agreement, the RSUs vest in three equal annual installments beginning on March 1, 2025.